Video· Payoff· Debt
Why Timing Your Extra Mortgage Repayments Matters
13 July 2026 · 1 min read
Paying an extra dollar off your mortgage at the start could save around $2 in interest over time.
Most people focus on how much extra they're putting into their mortgage.
The bigger question is:
How early are you starting?
As a very rough example, an extra dollar paid off your mortgage at the very beginning might save around $2 in interest over the life of the loan.
That same dollar paid in 10 years might save closer to $1.
And by year 20, it could save less than 50 cents.
The exact numbers will be different for everyone.
But the principle stays the same:
The earlier the money goes into your mortgage, the bigger the impact it can have.
Because when it comes to mortgages, time is often more important than the thing.
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General information only. This is not personalised advice. Your individual circumstances should be considered before making any financial decisions.
